French car manufacturer Renault plans to develop an
ultra-cheap car with a price tag of 2,500 euros ($3,363 dollars),
French business daily La Tribune reported Wednesday.
The no-frills small car would be aimed primarily at developing countries but may later be marketed in Europe, the report said.
At 2,500 euros, it would be around a third the cost of the Dacia Logan, a family car produced by Renault and its Romanian subsidiary Dacia that sells in France for 7,700 euros.
The cheapest car in the world is currently produced by India's Tata. The Tata Nano, nicknamed the People's Car, sells for around 15,000 rupees (about $2,800 dollars).
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